Physician Finance Interview # 1

Physician Finance

Today’s post is the first of what will be many Physician Finance Interviews where we ask doctors (and/or their significant others) questions about the debts, assets, and personal finance decisions. Come read about the successes, failures, and advice from other people who have walked in your shoes.

Poverty in Older Generations: A History Lesson

Poverty

A recent WSJ article looked into the poverty in our older generation and their inability to retire. It’s important to understand history or else we are doomed to repeat it. Come take a walk with me as we look at the reasons why they are unable to retire and how we can prevent this from happening to the current generations.

A Tale of Two Doctors: The First Paycheck

Tale of Two Doctors

You’ve made it to your first attending pay check. Great! Now what? Is it really that important to start investing? Surely I can enjoy the big pay bump. Let this Tale of Two Doctors answer the question “What do I do with my first paycheck”? Come join Dr. Jones and Dr. EFI as they tell their tale.

Introducing The Monthly Checkout

The Monthly Checkout

In medicine, we have to handover care to the physicians coming behind us.  At least, for those of us that do shift work that is true.  Just like we run the list to check out on the patients we are taking care of, we will run a list of articles I think you should read.  So, this will be the first of many Monthly Checkouts where I hand select articles that I really think are worth checking out to you. 

A Book Review: The Doctor’s Guide to Eliminating Debt

Book review

Little did Dr. Fawcett know, that book would lead him on a journey to pay off all of his debt in less than six years.  This led him to write a guide specific for doctor’s called The Doctor’s Guide to Eliminating Debt.  Today, I’ll review Dr. Fawcett’s book and tell you if I think it’s worth the read.

Welcome WCI Readers–>Fellowship: Worth the Return on Investment?

Writing A Guest Post

Today’s post can be found on White Coat Investor where I discuss Fellowship Opportunity Cost. In other words, how much does it cost you (debt, investments, and otherwise) to pursue a fellowship. I even include a calculator to help you figure it out! Let’s calculate your Fellowship Opportunity Cost today.

Investing Money in Residency: Resident Series

The item I want to discuss today is a continuum from our discussion on minimizing debt during residency.  It really isn’t just a drop in the bucket.  I want to show you why it is so important to save what you can during residency. In fact, I want to make an argument as to why you should invest in residency

Financial Mistakes: It (mis)takes one to know one!

We are going to discuss five financial mistakes that I have made in my life and the consequences of each mistake.  I want you to read this in a certain light, though.  The light is this: You, too, can make it to financial independence despite making stupid mistakes like me.

The Four W’s of PSLF: Student Loan Refinacing Part 1

Don’t we all remember the most important money saving tip?  You know.  If you just brew your coffee (or tea) at home while you are a medical student and resident instead of going to Starbucks, you could save thousands of dollars on your medical school debt. We’ve got some talking to do: Student Loans Part 1.